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Topic: The evolution of cell phones (cell phones). The first generation of cell phones was introduced by Motorola 45 years ago. PLEASE PROVIDE A GRAPH

Topic: "The evolution of cell phones (cell phones)".

The first generation of cell phones was introduced by Motorola 45 years ago.

PLEASE PROVIDE A GRAPH OF THE IMAGE TO EACH QUESTION ALONG WITH THE CORRESPONDING ANSWER.

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Chart A Chart B All else being equal, when tastes change in favor of a good or when consumers' income All else being equal, when tastes change against a good or when consumers' income rises, the demand for that good increases (the demand curve shifts to the right). As a decreases, the demand for that good decreases (the demand curve shifts to the left). As a consequence, the price of the good rises; thus, bidders want to sell a greater quantity of consequence, the price of the good falls; thus, bidders want to sell a smaller quantity of the good offered and demanders want to buy a greater quantity of the good demanded. the good offered and demanders want to buy a smaller quantity of the good demanded. P A P* D' Q* Chart C Graph D All else being equal, when technology progresses or the price paid by suppliers for All else being equal, when technology fails or the price paid by suppliers for inputs inputs decreases, the supply of that good increases (shift of the supply curve to the right). increases, the supply of that good decreases (the supply curve shifts to the left). This This causes the price to decrease, the suppliers are willing to sell a larger quantity offered causes the price to increase, the suppliers are willing to sell a smaller quantity offered and and the demanders are willing to buy a larger quantity demanded. the demanders are willing to buy a smaller quantity demanded. P S.. Ap* D D Q* Q* O

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